E24-17 (similar to) Question Help The company expecte to produce 500 units of each medel during the year Easton Company manufaclures wheel ims. The controller expects the following ABC alocaion rates for 2018 (Cick the ian to view the allpcalion rales.) Read the requirements Easlon produoes lwo wheel rim mocels: standard and deluxe. Expected data for 2018 are as followe: (Cick the ican to view the expected data.) Requirement 1. Comoute the lotal eetimated indirect manufacturing cost for 2018. Data Table Begin by eelecling he formua to compule the total estimaled overhead (OH) coets. Total estimated Standard Deluxe Predelermined overhead allocalion rate Total eetimaled qty of the allocalian base overhead costs Parte per rim 6.0 9.0 Naw compute the tatal estimated indirect manufacturing cet for 201a. Sebups per 600 rims 12.0 12.0 Data Table Total Estimated Finishing hours per rim 4.0 .5 Indirect Manufacturing Cast Activity Total direct labor hours per rim 7.0 8.0 Materials handing Predetermined Overhead Machine sahp Print Done Allocation Rate Activity Allocation Base Insertion of perts Number of parts Materials handing S 6.00 per part Finishing Number of sebups 600.00 per setup Mechine setup Tolal estimaled indrect manufaciuring cast Insertion of parls Number of parts 28.00 r part i Requirementa 30.00 per haur Finishing Number of finishing haurs 1. Comauta the total estimatead ndiract manutachuring cost for 2018 Print Done Priar lo 2018, Easlun used a single plantwide uverhead aloualion rate syslem with drect labor hours ss the allecation base. Compute the predelermined overheed alocation rate based on direct labor hours for 2018. Use this rete to determina the ashmated indirect manufachuring cost per wheel rim for each model, to the nearest cent 3. Comoute the eeumated ABC indirect manufacturing coet per unit of each mode for 2018, CeTy each oost to the nearest cent Print Done